2017-04-25T14:20:04-05:00 2016-07-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2015-08-01 540618173 MOUNTAIN MISSION SCHOOL INC MOUN 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 CHRISTOPHER L SLONE PRESIDENT 2769352954 2017-04-20 1 THOMAS S GREER P00067526 4232824511 2017-03-28 2015 2021-01-29 14:40:06Z CHRISTOPHER L SLONE 1760 EDGEWATER DRIVE GRUNDY VA 24641 3651043 0 X WWW.MOUNTAINMISSIONSCHOOL.ORG X 1921 VA THE CHILD OF POVERTY, NEGLECT OR ABUSE FINDS HOPE AND OPPORTUNITY AT MOUNTAIN MISSION SCHOOL. 9 9 71 2000 4310 1289 3287048 3442924 81222 82091 38656 32693 122063 86380 3528989 3644088 46854 34549 0 0 1463519 1532725 0 0 205298 2053939 2150434 3564312 3717708 -35323 -73620 16384977 16249960 286201 243357 16098776 16006603 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY (HOME, SCHOOL, AND CHURCH) FOR CHILDREN WITH LEGITIMATE NEEDS REGARDLESS OF THEIR RACE, COLOR, AGE AND CREED. THE SCHOOL OPERATES AS A NONPROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF VIRGINIA. 0 0 2728593 34549 77781 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY (HOME, SHCOOL, AND CHURCH) FOR CHILDREN WITH LEGITIMATE NEEDS REGARDLESS OF THEIR RACE, COLOR, AGE AND CREED. THE SCHOOL OPERATES AS A NON-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF VIRGINIA. 2728593 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 8 0 1 71 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 VA X CHRISTOPHER L SLONE PRESIDENT 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 WILLIAM NEELEY CHAIRMAN 1.00 X X 0 0 0 O J GARDNER VICE CHARIMAN 1.00 X X 0 0 0 LOIS A CLARKE SECRETARY/TREASURER 1.00 X X 0 0 0 PAUL ELSWICK-THRU 052716 TRUSTEE 1.00 X 0 0 0 LURTON LYLE TRUSTEE 1.00 X 0 0 0 JAMES W MCGLOTHLIN TRUSTEE 1.00 X 0 0 0 MICHAEL J QUILLEN TRUSTEE 1.00 X 0 0 0 JOE D SLONE TRUSTEE 1.00 X 0 0 0 JOHN D TICKLE TRUSTEE 1.00 X 0 0 0 AGNES M MULLINS TRUSTEE EMERITUS 1.00 X 0 0 0 JAMES MARVIN SWINEY FORMER CHAIRMAN 1.00 X 0 0 18184 CHARLIECE S SWINEY FORMER SECRETARY/TREASURER 1.00 X 0 0 18184 CYNTHIA S RODDA FORMER PRESIDENT 1.00 X 0 0 15636 CHRISTOPHER L SLONE PRESIDENT/EX-OFFICIO 50.00 X 48620 0 20929 CHRIS A MITCHELL CHIEF FINANCIAL OFFICER 50.00 X 57620 0 0 ERNEST R HERTZOG VICE PRESIDENT OF OUTREACH 50.00 X 25516 0 1025 131756 0 73958 0 0 0 0 US FOODS INC 9399 WEST HIGGINS ROAD SUITE 500 ROSEMONT IL 60018 FOOD SERVICE 203779 1 919697 2523227 149524 3442924 STUDENT FEES 611110 63975 63975 OTHER INCOME 611110 15630 11320 4310 DINNERS/RECEPTIONS 611110 2486 2486 82091 39648 39648 86380 0 86380 86380 86380 6955 -6955 -6955 -6955 3644088 77781 4310 119073 34549 34549 220795 35189 185606 859282 633886 142637 82759 2125 2125 372655 317064 55591 77868 50614 20830 6424 700 700 39419 39419 10099 4545 5554 78156 50801 27355 49369 49369 335571 302014 33557 71634 53726 17908 660020 462014 198006 76766 48071 28695 FOOD SERVICES 345527 345527 REPAIRS AND MAINTENANCE 132147 120095 12052 STUDENT SPECIFIC EXPENS 128360 128360 DEVELOPMENT EXPENSES 113114 113114 109552 92769 13782 3001 3717708 2728593 783817 205298 856089 951956 260381 689838 527750 333378 19400 40609 29571 29571 25413423 12860418 13072576 12553005 1524827 1516603 94383 135000 16384977 16249960 239534 198357 46667 45000 286201 243357 X 14308687 14400147 1091943 927285 698146 679171 16098776 16006603 16384977 16249960 X -73620 7488 -26041 X X 0 1 X 1 0 X 1621049 2184257 2726945 3287048 3442924 13262223 1621049 2184257 2726945 3287048 3442924 13262223 798147 12464076 282547 282479 41202 160719 126028 892975 14155198 619793 0.88050 0.86500 X SCHEDULE A, PART I, LINES 2 AND 7 MOUNTAIN MISSION SCHOOL, INC. RECEIVED AN IRS DETERMINATION LETTER IN OCTOBER, 1939 STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART I, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. PER THE 2013 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE SCHOOL TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12340968 12340968 12271853 370 302965 -234220 12340968 12068744 40380 1291529 -1128800 12271853 10428659 454250 1307488 -121653 12068744 10112154 316505 10428659 0 0 5281450 5281450 14709132 8530999 6178133 2066418 1817471 248947 3356423 2511948 844475 12553005 CASH 35274 F FIXED INCOME 155590 F MUTUAL FUNDS 809348 F CORPORATE STOCKS 434661 F REAL ESTATE AND TANGIBLES 40058 F HEDGE FUNDS 41672 F 1516603 X 3342537 7488 610658 618146 2724391 919697 919697 3644088 3727503 9795 9795 3717708 0 3717708 PART V, LINE 4: THE UNRESTRICTED ENDOWMENTS ARE FOR GENERAL USE. THE TEMPORARILY RESTRICTED ENDOWMENTS ARE RESTRICTED FOR SCHOLARSHIPS. THE PERMANENTLY RESTRICTED ENDOWMENTS ARE FOR STAFF, GENERAL USE, AND SCHOLARSHIPS. PART X, LINE 2: NOTE 1 - TAX EXEMPT STATUS AND UNCERTAIN TAX POSITIONS THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. THE SCHOOL FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JULY 31, 2016, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JULY 31, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 636,699. CHANGES IN BENEFICIAL TRUSTS -26,041. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION THAT 919,697. WAS ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 9,795. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MOUNTAIN MISSION SCHOOL'S ADVERTISEMENTS EXPRESS THE SCHOOL'S INTENT TO PROVIDE EDUCATION FOR STUDENTS IN FINANCIAL NEED REGARDLESS OF RACE. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING MOUNTAIN MISSION SCHOOL IN BUCHANAN COUNTY, VIRGINIA. 49 34549 0 N/A N/A PART I, LINE 2: COLLEGE TUITION: DURING THE 2015-2016 SCHOOL YEAR, MOUNTAIN MISSION SCHOOL HAD TWO STUDENTS, WHO HAD GRADUATED FROM THE SCHOOL, LIVING ON CAMPUS AND ATTENDING THE COMMUNITY COLLEGE. THE SCHOOL ASSISTED WITH A PORTION OF THEIR TUITION AND OTHER EDUCATIONAL EXPENSES. STUDENTS WHO RECEIVED FINANCIAL AID REIMBURSED THE SCHOOL FOR THESE COSTS. ALSO REPRESENTED IN THE COLLEGE TUITION CATEGORY ARE THE COSTS FOR THE HIGH SCHOOL DUAL-ENROLLMENT COURSES WITH SOUTHWEST VIRGINIA COMMUNITY COLLEGE. MOUNTAIN MISSION SCHOOL PAYS THE TUITION TO THE COLLEGE, AND THEN A SUBSTANTIAL PORTION IS RETURNED TO THE SCHOOL FROM THE COLLEGE AS A REIMBURSEMENT. SCHOLARSHIPS: MOUNTAIN MISSION SCHOOL DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED ANNUALLY DURING CLASS NIGHT PRIOR TO GRADUATION. SCHOLARSHIPS ARE PAYABLE DIRECTLY TO THE COLLEGE THE STUDENT ATTENDS. IN SOME CASES THE SCHOLARSHIP MAY BE USED TO PURCHASE A COMPUTER REQUIRED FOR STUDIES OR USED TOWARD STUDY ABROAD THROUGH THE STUDENT'S COLLEGE. IN BOTH CASES FUNDS ARE MADE PAYABLE TO THE PROVIDER OF THE GOODS. SCHOLARSHIPS ARE NOT DISBURSED DIRECTLY TO THE STUDENT. MOUNTAIN MISSION SCHOOL'S PROCEDURES FOR MONITORING SCHOLARSHIP FUNDS ARE AS FOLLOWS. THE SCHOOL HAS A SCHOLARSHIP COMMITTEE WHICH REPORTS TO THE SCHOOL PRESIDENT. THIS COMMITTEE IS CHARGED WITH THE GRANTING OF SCHOLARSHIPS, AND THE SCHOOL'S ADMINISTRATIVE OFFICE OVERSEES THEIR DISBURSEMENT. ALL TRANSACTIONS ARE DOCUMENTED. AN AUDIT IS PERFORMED ANNUALLY BY THE SCHOOL'S INDEPENDENT AUDITORS. CHRISTOPHER L SLONE PRESIDENT 14540 CHRISTOPHER L. SLONE IS THE PRESIDENT OF THE SCHOOL. HIS WIFE, SUSAN M. SLONE, IS THE ASSISTANT TO THE PRESIDENT. HER GROSS SALARY FOR THE 2015 CALENDAR YEAR WAS $14,540. 0 X 1 14524 CLOSING STOCK PRICES X 1 135000 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES MARVIN SWINEY, FORMER CHAIRMAN, AND CHARLIECE S. SWINEY, FORMER SECRETARY/TREASURER, ARE HUSBAND AND WIFE. BOTH RESIGNED 07/15/13. CYNTHIA S. RODDA, FORMER PRESIDENT, IS THEIR DAUGHTER. SHE RESIGNED 12/31/11. LOIS A. CLARKE, SECRETARY/TREASURER, IS AN EMPLOYEE OF JAMES W. MCGLOTHLIN, TRUSTEE. JOE D. SLONE, TRUSTEE, IS THE FATHER OF CHRISTOPHER L. SLONE, PRESIDENT. SUSAN SLONE, ASSISTANT TO THE PRESIDENT, IS THE WIFE OF CHRISTOPHER L. SLONE, PRESIDENT. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE. THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF ALL EXECUTIVE MANAGEMENT PERSONNEL IS SET BY THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE FILED WITH THE STATE OF VIRGINIA. FORM 990, PART XI, LINE 9: CHANGES IN BENEFICIAL TRUSTS -26,041. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS HAS NOT CHANGED FROM THE PRIOR YEAR. MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 1760 EDGEWATER DRIVE GRUNDY VA 24614 541747332 CONDUCT AND SUPPORT ACTIVITIES FBO MOUNTAIN MISSION SCHOOL, INC. VA 501(C)(3) LINE 11A, I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION C 919697 CASH RECEIVED